Asian Markets extend losses on Friday - TRANS SCAN

The Indian markets are likely to open lower tracking weak global cues.

Overnight, US stocks fell more than 2%, extending the previous day's sharp decline as investors fretted over Fed's plan to begin reducing its stimulus.

Major Asian markets extended losses on Friday as the U.S. Federal Reserve's plan to scale back stimulus drove MSCI's broadest index of Asia-Pacific shares outside Japan down another 0.6 % after it hit a nine-month low on Thursday.

Source : Equity Bulls

Keywords